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The GBPUSD breaches the resistance - Analysis - 06-10-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
Moving above the EMA50 supports the expected rise, noting that breaking 1.3600 will stop the suggested positive scenario and press on the price to return to the bearish track again.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bullish
The GBPUSD breaches the resistance - Analysis - 06-10-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
MoreThe EURUSD crawls downwards – Analysis - 06-10-2021
The EURUSD pair continues to decline calmly, approaching 1.1563 level, while the EMA50 forms continuous negative pressure against the price, waiting to break the mentioned level to rally towards our main expected target at 1.1500.
MoreEvening update for Crude oil 05-10-2021
Crude oil price rallied upwards strongly to succeed touching our waited target at 79.00 and attempts to breach it, reinforcing the chances of extending the bullish wave towards our next target at 80.00, noting that holding above 78.00 represents initial condition to continue the expected rise.
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